The Right Mortgage Network expands BTL panel

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State Bank of India UK (SBI UK) buy-to-let mortgages can now be accessed via The Right Mortgage Network.

SBI UK’s buy-to-let product range provides financing up to 70% loan to value and offers products for individuals, Special Purpose Vehicles (SPVs), Limited Liability Partnerships and limited companies.

The products are available on a fixed or tracker basis, with rates from 2.44%, over a term of three or five years.

“We are delighted that our buy to let mortgages are available through intermediaries such as The Right Mortgage, thus ensuring a wider distribution of our buy-to-let range,” said Stephen Banks, head of national sales for SBI UK.

“In particular, we believe SPV/LLP mortgages will become more central in the market in the coming years. Furthermore, we have competitive products, and believe our range is a compelling offer for mortgage intermediaries.”

Martin Wilson (pictured), CEO of The Right Mortgage & Protection Network, added: “State Bank of India will be another fantastic addition to our panel, offering our members greater choice when sourcing for their clients’ buy-to-let needs. The products that SBI can offer will add significant value for our advisers.”

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